The following information has been taken from the Statement of Financial Position of a company. m Ordinary shares of 50 pence each 50 Reserves 80 8% Redeemable preference shares of 1 10 Treasury shares 15 12% Debentures 55 What is the value of 'x' when you calculate a valid capital gearing ratio as 'x to 1'. You should calculate 'x' correct to two decimal places.

What is the value of ' x ' when you calculate a valid capital gearing ratio as ' x to 1 '. You should calculate ' x ' correct to two decimal places